HFZ lays off staff as legal and financial problems mount
HFZ Capital Group has laid off a number of employees as the developer’s financial and legal troubles mount. Two...
Development
Grand Hyatt redevelopment could be 1,600-foot supertall
The planned redevelopment of the Grand Hyatt Hotel next to Grand Central Terminal could result in a supertall tower...
National Weekend Edition
Here’s how South Korea plans to create 100K units of housing
The South Korean government wants to convert empty hotels and office buildings into over 100,000 residential units over the...
Massive Gowanus development will be 100% affordable
Gowanus Green, a massive residential complex planned for the industrial Brooklyn neighborhood, is going fully affordable. The de Blasio...
Is urban living dead? “I don’t buy it,” says Miki Naftali
UPDATED, Nov. 19, 11:20 a.m.: Last week, an unusual sign went up on Madison Avenue. Naftali Group’s latest marketing...
Zara Realty plans 218K-sf Jamaica development
Zara Realty is planning a mixed-income residential development in Jamaica, Queens. The 218,000-square foot residential building, at 153-10 88th...
Billionaire developer Sheldon Solow dies at 92
Sheldon Solow, the billionaire developer known for his litigious tendencies, died at the age of 92. The cause of...
“I don’t buy that NY is dead”: Naftali, Seinfeld team up on billboard
Miki Naftali got some unexpected partners for his latest venture. The residential developer has joined forces with comedian Jerry...
Sapir Corp names Sharon Raz CEO
Sapir Corp has named former Elad U.S. Holding CFO Sharon Raz as its next CEO, the development firm announced Monday. The appointment comes a week after the company’s previous CEO, Amir Richulsky, resigned to...
Going in circles: Dueling New York Wheel lawsuits emerge
The New York Wheel, the Staten Island waterfront project that would have been the largest observation wheel in the...